Category Archives: Inventory Management

Cash flow is the lifeblood of any business and inventory management is the plasma to that lifeline. Inventory Management to keep accurate and minimize on hand to sales is critical to cash flow that feeds all critical elements for any business, including;

Revenue Growth
1. Looking for revenue growth either by increasing activity with current customers , or mining new opportunities in their respective industry.

Service & Quality
2. Focusing on providing quality product and excellent customer service to all its clinets

Portfolio Growth
3. Expanding its product portfolio and menu offering to continually differentiate itself in the industry the firm competes

1. In a firm it is not untypical when asked “who is responsible for maintaining inventory integrity and accuracy “for either no one or everyone to respond” , which translates to actuallyno responsibility in the company.

2. Processes rely on individuals as opposed to being systemic and well understood and executed throughout the organization.

3. Physical inventories are viewed as a “count” as opposed to a reconciliation against the company’s perpetual inventory and books & records.